FOMC rate commitment will aid US recovery: NY Fed’s Dudley

William C Dudley
Photo: © 2009 Federal Reserve Bank of New York. Content from the New York Fed subject to the Terms of Use at

William Dudley, the president of the New York Federal Reserve, on Friday said the Federal Open Market Committee's (FOMC) decision to commit to keeping interest rates low until mid-2013 had eased market conditions.

On August 9, the FOMC said current economic conditions were likely to keep short-term interest rates exceptionally low at least through mid-2013.

At the Quarterly Regional Economic press briefing in New York, Dudley said following the release of the FOMC's statement: "Market interest

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

If you already have an account, please sign in here.

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account